Sage VAT codes

sarahwilson

I'm having a total mental block today (that bodes well for this afternoon!!)

I;ve obviously got T1 set to 15% VAT in Sage and set T10 to 17.5% VAT. My question is if I am inputting Novembers purchase ledger still should I pick up T1 and overwrite it or T10?

Jan

Sarah,

They will have charged out VAT at 17.5% either way would work, but as you have created a new VAT code why not use it? As long as it will be included on the VAT 100.

Gather you have an exam this afternoon - henece the mental block, sure will have been fine!

sarahwilson

Thanks Jan, thankfully the mental block just extended to my normal daily tasks like work, remembering petrol and not tripping over!!